Updated Oct 25, 2024
Equity Oak Ventures Acquires Carlsbad And Rancho Bernardo Industrial Assets For $22.5M
1900 Aston Ave Carlsbad, CA 92008, USA
$22,500,000
$256/SF
Building Size
87,619 SF
Asset Type
Industrial
Closing
Jun 16, 2023
About this deal
AI
Equity Oak Ventures, LLC, along with Five Horizon Partners, has acquired two fully leased industrial/R&D assets in San Diego in an all-cash deal. The properties, located at 1900 Aston Avenue in Carlsbad and 11225-11245 West Bernardo Court in Rancho Bernardo, were purchased for a total sale price of $22,500,000. The combined square footage of the assets is 87,619, resulting in a price per square foot of $257.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $22,500,000
- Date: 06/16/2023
- Address: 1900 Aston Avenue & 11225-11245 West Bernardo Court
- Market: Carlsbad & Rancho Bernardo
Equity Oak Ventures and Five Horizon Partners are the buyers in this transaction. Represented by Chris Elmendorf, Bill Doyle, and Miles Treaster, the companies acquired these properties as they see untapped potential and plan to maximize their value.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Los Angeles industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93